Oil

OPEC reduces 2025 oil demand forecast to 105 million bpd, projects 122.9 million bpd by 2050

The long-term projection reflects increasing energy needs in developing nations and anticipated investments.

Crude oil prices fall 0.1 percent to $70.08 from two-week highs as tariff updates loom

Trump’s tariff delay offers hope to major trade partners while confusing smaller exporters like South Africa

Egypt launches major natural gas initiative to drill 11 wells yielding 160 billion cubic feet

Minister Karim Badawi oversaw drilling operations at Begonia-2 in the New Mansoura concession area

Crude oil prices retreat over 0.3 percent to $69.25 as U.S. tariffs, OPEC+ output weigh

U.S. President Trump informed trade partners that higher tariffs would commence on August 1 

Saudi Arabia’s construction output hits $148 billion in 2024, forecasted to reach $191 billion by 2029

Vision 2030 drives $215.4 billion in construction contracts across the Kingdom

Crude oil prices fall 0.35 percent to $68 as OPEC+ surprises markets with 548,000 bpd output hike

Saudi Arabia raised August prices for Arab Light crude to a four-month high for Asia 

Crude oil prices steady above $68.55 amid Trump’s tariff announcements, job market resilience

Trump's letters detail tariff rates ranging from 20 percent to 30 percent for 10 countries simultaneously

Saudi Arabia boosts crude oil exports to highest in over a year ahed of OPEC meeting

The Kingdom's oil exports rose by 450,000 bpd in June, reaching 6.33 million bpd

BlackRock releases 2025 Midyear Global Outlook amid market uncertainty

BlackRock believes this era offers better opportunities than the relatively static conditions of the past decade

Crude oil prices climb 2 cents to $67.15 as OPEC+ supply decision looms

Saudi Arabia's shipments increased by 450,000 bpd in June, marking the highest levels in over a year

Crude oil prices dip over 0.2 percent, settle above $66.45 amid OPEC+ and tariff concerns

OPEC+ plans to increase output by 411,000 barrels per day starting in August

How UAE is balancing oil production growth with renewable energy ambitions

Key investments of AED150 to AED200 billion target a significant increase in renewable energy capacity